EMPLOYEE BENEFITS (Tables)

12 Months Ended

Dec. 31, 2016

Defined Benefit Plan Disclosure [Line Items]

Schedule of funded status of the plans reconciled to the amount reported in the balance sheets

As of or for the Years Ended		Pension								Postretirement
December 31,		U.S. Plans*			Non-U.S. Plans*					U.S. Plans			Non-U.S. Plans
(in millions)		2016		2015		2016		2015		2016		2015		2016		2015
Change in projected benefit obligation:
Benefit obligation, beginning of year	$	5,324	$	5,769	$	1,146	$	1,099	$	208	$	229	$	75	$	64
Service cost		19		192		31		43		2		5		3		3
Interest cost		181		220		21		25		7		8		3		3
Actuarial (gain) loss		118		(423)		98		(16)		(2)		(23)		-		9
Benefits paid:
AIG assets		(24)		(17)		(12)		(9)		(14)		(11)		(1)		(1)
Plan assets		(332)		(285)		(35)		(24)		-		-		-		-
Plan amendment		-		(132)		1		24		-		-		-		-
Curtailments		-		-		(2)		-		(1)		-		-		-
Settlements		(338)		-		(16)		(15)		-		-		-		-
Foreign exchange effect		-		-		19		(67)		-		-		-		(3)
Acquisitions		-		-		-		72		-		-		-		-
Other		-		-		(5)		14		(4)		-		-		-
Projected benefit obligation, end of year	$	4,948	$	5,324	$	1,246	$	1,146	$	196	$	208	$	80	$	75
Change in plan assets:
Fair value of plan assets, beginning
of year	$	4,359	$	4,111	$	773	$	708	$	-	$	-	$	-	$	-
Actual return on plan assets, net of expenses		154		(8)		19		47		-		-		-		-
AIG contributions		24		558		71		62		14		11		1		1
Benefits paid:
AIG assets		(24)		(17)		(12)		(9)		(14)		(11)		(1)		(1)
Plan assets		(332)		(285)		(35)		(24)		-		-		-		-
Settlements		(338)		-		(16)		(15)		-		-		-		-
Foreign exchange effect		-		-		6		(44)		-		-		-		-
Dispositions		-		-		(4)		-		-		-		-		-
Acquisitions		-		-		-		35		-		-		-		-
Other		-		-		1		13		-		-		-		-
Fair value of plan assets, end of year	$	3,843	$	4,359	$	803	$	773	$	-	$	-	$	-	$	-
Funded status, end of year	$	(1,105)	$	(965)	$	(443)	$	(373)	$	(196)	$	(208)	$	(80)	$	(75)
Amounts recognized in the balance
sheet:
Assets	$	-	$	-	$	53	$	46	$	-	$	-	$	-	$	-
Liabilities		(1,105)		(965)		(496)		(419)		(196)		(208)		(80)		(75)
Total amounts recognized	$	(1,105)	$	(965)	$	(443)	$	(373)	$	(196)	$	(208)	$	(80)	$	(75)
Pre-tax amounts recognized in Accumulated
other comprehensive income:
Net gain (loss)	$	(1,405)	$	(1,324)	$	(251)	$	(161)	$	17	$	13	$	(15)	$	(16)
Prior service (cost) credit		-		-		(28)		(16)		2		13		-		-
Total amounts recognized	$	(1,405)	$	(1,324)	$	(279)	$	(177)	$	19	$	26	$	(15)	$	(16)

* Includes non-qualified unfunded plans of which the aggregate projected benefit obligation was $278 million and $299 million for the U.S. at December 31,2016 and 2015, respectively,and $199 million for the non-U.S for both 2016 and 2015.

Schedule of components of net periodic benefit cost

Years Ended December 31,	Pension												Postretirement
	U.S. Plans						Non-U.S. Plans						U.S. Plans						Non-U.S. Plans
(in millions)		2016		2015		2014		2016		2015		2014		2016		2015		2014		2016		2015		2014
Components of net periodic benefit
cost:
Service cost	$	19	$	192	$	173	$	31	$	43	$	42	$	2	$	5	$	4	$	3	$	3	$	2
Interest cost		181		220		228		21		25		29		7		8		9		3		3		2
Expected return on assets		(292)		(295)		(288)		(26)		(25)		(22)		-		-		-		-		-		-
Amortization of prior service credit		-		(22)		(33)		-		(2)		(3)		(12)		(11)		(11)		-		(1)		-
Amortization of net (gain) loss		25		92		42		7		9		7		(1)		-		-		1		-		-
Curtailment (gain) loss		-		(179)		-		(6)		(1)		1		(1)		-		-		-		-		-
Settlement loss		149		-		-		2		1		-		-		-		-		-		-		-
Net periodic benefit cost (credit)	$	82	$	8	$	122	$	29	$	50	$	54	$	(5)	$	2	$	2	$	7	$	5	$	4
Total recognized in Accumulated other
comprehensive income (loss)	$	(82)	$	143	$	(793)	$	(101)	$	38	$	(40)	$	(7)	$	12	$	(21)	$	1	$	(9)	$	(11)
Total recognized in net periodic benefit
cost and other comprehensive
income (loss)	$	(164)	$	135	$	(915)	$	(130)	$	(12)	$	(94)	$	(2)	$	10	$	(23)	$	(6)	$	(14)	$	(15)

Schedule of weighted average assumptions used to determine the benefit obligations

	Pension						Postretirement
	U.S. Plans			Non-U.S. Plans(a)			U.S. Plans		Non-U.S. Plans(a)
December 31, 2016
Discount rate	4.14	%			1.50	%	4.02	%		3.95	%
Rate of compensation increase	N/A		(b)		2.50	%	N/A			3.38	%
December 31, 2015
Discount rate	4.32	%			2.17	%	4.21	%		4.09	%
Rate of compensation increase	N/A		(b)		2.64	%	N/A			3.43	%

(a)The non-U.S. plans reflect those assumptions that were most appropriate for the local economic environments of each of the subsidiaries providing such benefits.

(b)Compensation increases are no longer applicable due to the plan freeze that became effective January 1, 2016.

Schedule of weighted average assumptions used to determine the net periodic benefit costs

	Pension					Postretirement
	U.S. Plans		Non-U.S. Plans*			U.S. Plans		Non-U.S. Plans*
For the Year Ended December 31, 2016
Discount rate	4.33	%		2.17	%	4.21	%		4.09	%
Rate of compensation increase	N/A			2.64	%	N/A			3.43	%
Expected return on assets	7.00	%		3.28	%	N/A			N/A
For the Year Ended December 31, 2015
Discount rate	3.94	%		2.33	%	3.77	%		4.04	%
Rate of compensation increase	3.40	%		2.89	%	N/A			3.29	%
Expected return on assets	7.25	%		3.33	%	N/A			N/A
For the Year Ended December 31, 2014
Discount rate	4.83	%		2.77	%	4.59	%		4.77	%
Rate of compensation increase	3.50	%		2.89	%	N/A			3.34	%
Expected return on assets	7.25	%		2.93	%	N/A			N/A

*The non-U.S. plans reflect those assumptions that were most appropriate for the local economic environments of the subsidiaries providing such benefits.

Schedule of plan assets based on the level within the fair value hierarchy in which the fair value measurement falls

	U.S. Plans								Non-U.S. Plans
(in millions)	Level 1		Level 2		Level 3		Total		Level 1		Level 2		Level 3		Total
At December 31, 2016
Assets:
Cash and cash equivalents	$	228	$	-	$	-	$	228	$	50	$	-	$	-	$	50
Equity securities:
U.S.(a)		838		1		-		839		-		-		-		-
International(b)		377		-		-		377		298		58		-		356
Fixed maturity securities:
U.S. investment grade(c)		-		1,174		2		1,176		-		-		-		-
International investment grade(c)		-		-		-		-		-		90		-		90
U.S. and international high yield(d)		-		218		-		218		-		186		-		186
Mortgage and other asset-backed
securities(e)		-		-		-		-		-		-		-		-
Other fixed maturity securities		-		-		-		-		-		13		-		13
Other investment types(g):
Futures		-		-		-		-		-		-		-		-
Direct private equity(f)		-		-		24		24		-		-		-		-
Insurance contracts		-		21		-		21		-		-		108		108
Total	$	1,443	$	1,414	$	26	$	2,883	$	348	$	347	$	108	$	803

At December 31, 2015
Assets:
Cash and cash equivalents	$	239	$	-	$	-	$	239	$	49	$	-	$	-	$	49
Equity securities:
U.S.(a)		924		-		-		924		35		-		-		35
International(b)		262		1		-		263		248		67		-		315
Fixed maturity securities:
U.S. investment grade(c)		-		1,452		9		1,461		-		-		-		-
International investment grade(c)		-		-		-		-		-		190		-		190
U.S. and international high yield(d)		-		322		-		322		-		66		-		66
Mortgage and other asset-backed
securities(e)		-		7		-		7		-		-		-		-
Other fixed maturity securities		-		-		-		-		-		12		-		12
Other investment types(g):
Futures		2		-		-		2		-		-		-		-
Real Estate		-		-		-		-		11		-		-		11
Direct private equity(f)		-		5		28		33		-		-		-		-
Insurance contracts		-		23		-		23		-		-		95		95
Total	$	1,427	$	1,810	$	37	$	3,274	$	343	$	335	$	95	$	773

(a)Includes passive and active U.S. Large Cap and Small Cap strategies, as well as mutual funds, and exchange traded funds.

(b) Includes investments in companies in emerging and developed markets.

(c) Represents investments in U.S. and non-U.S. government issued bonds, U.S. government agency or sponsored agency bonds, and investment grade corporate bonds.

(d) Consists primarily of investments in securities or debt obligations that have a rating below investment grade.

(e) Comprised primarily of investments in U.S. government agency or U.S. government sponsored agency bonds.

(f)Comprised of private capital financing including private debt and private equity securities.

(g) Excludes investments that are measured at fair value using the NAV per share (or its equivalent), which totaled $960 million and $1.1 billion at December 31, 2016 and 2015, respectively.

Schedule of changes in Level 3 plan assets measured at fair value

																				Changes in
				Net																Unrealized Gains
		Balance		Realized and														Balance		(Losses) on
At December 31, 2016		Beginning		Unrealized										Transfers		Transfers		at End		Instruments Held
(in millions)		of year		Gains (Losses)		Purchases		Sales		Issuances		Settlements		In		Out		of year		at End of year
U.S. Plan Assets:
Fixed maturity securities
U.S. investment grade	$	9	$	1	$	2	$	(10)	$	-	$	-	$	-	$	-	$	2	$	-
Direct private equity		28		(4)		4		(4)		-		-		-		-		24		(4)
Total	$	37	$	(3)	$	6	$	(14)	$	-	$	-	$	-	$	-	$	26	$	(4)
Non-U.S. Plan Assets:
Other fixed maturity securities	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-
Insurance contracts		95		12		1		-		-		-		2		(2)		108		-
Total	$	95	$	12	$	1	$	-	$	-	$	-	$	2	$	(2)	$	108	$	-

																				Changes in
				Net																Unrealized Gains
		Balance		Realized and														Balance		(Losses) on
At December 31, 2015		Beginning		Unrealized										Transfers		Transfers		at End		Instruments Held
(in millions)		of year		Gains (Losses)		Purchases		Sales		Issuances		Settlements		In		Out		of year		at End of year
U.S. Plan Assets:
Fixed maturity securities
U.S. investment grade	$	8	$	(1)	$	17	$	(15)	$	-	$	-	$	-	$	-	$	9	$	-
Direct private equity		17		2		10		(1)		-		-		-		-		28		2
Total	$	25	$	1	$	27	$	(16)	$	-	$	-	$	-	$	-	$	37	$	2
Non-U.S. Plan Assets:
Other fixed maturity securities	$	17	$	(1)	$	-	$	-	$	-	$	-	$	-	$	(16)	$	-	$	-
Insurance contracts		56		(7)		1		-		-		-		53		(8)		95		-
Total	$	73	$	(8)	$	1	$	-	$	-	$	-	$	53	$	(24)	$	95	$	-

Schedule of expected future benefit payments, net of participants' contributions

		Pension			Postretirement
		U.S.		Non-U.S.		U.S.		Non-U.S.
(in millions)		Plans		Plans		Plans		Plans
2017	$	313	$	38	$	15	$	1
2018		305		39		15		2
2019		318		44		15		2
2020		312		45		16		2
2021		308		47		16		2
2022-2026		1,477		275		82		13

Pensions

Defined Benefit Plan Disclosure [Line Items]

Schedule of accumulated benefit obligations

At December 31,
(in millions)		2016		2015
U.S. pension benefit plans	$	4,948	$	5,324
Non-U.S. pension benefit plans	$	1,215	$	1,109

Schedule of projected benefit obligation in excess of the plan assets and the accumulated benefit obligation in excess of the plan assets

At December 31,	PBO Exceeds Fair Value of Plan Assets								ABO Exceeds Fair Value of Plan Assets
		U.S. Plans				Non-U.S. Plans				U.S. Plans				Non-U.S. Plans
(in millions)		2016		2015		2016		2015		2016		2015		2016		2015
Projected benefit obligation	$	4,948	$	5,324	$	1,121	$	999	$	4,948	$	5,324	$	1,029	$	912
Accumulated benefit obligation		4,948		5,324		1,016		896		4,948		5,324		1,009		889
Fair value of plan assets		3,843		4,359		545		506		3,843		4,359		536		497

U.S. Pension Plans

Defined Benefit Plan Disclosure [Line Items]

Schedule of asset allocation percentage by major asset class and target allocation

	Target		Actual		Actual
At December 31,	2017		2016		2015
Asset class:
Equity securities	45	%	43	%	35	%
Fixed maturity securities	40	%	36	%	41	%
Other investments	15	%	21	%	24	%
Total	100	%	100	%	100	%

Non U.S. Pension Plans

Defined Benefit Plan Disclosure [Line Items]

Schedule of asset allocation percentage by major asset class and target allocation

	Target		Actual		Actual
At December 31,	2017		2016		2015
Asset class:
Equity securities	30	%	44	%	45	%
Fixed maturity securities	50	%	36	%	35	%
Other investments	18	%	14	%	13	%
Cash and cash equivalents	2	%	6	%	7	%
Total	100	%	100	%	100	%

Postretirement Plans

Defined Benefit Plan Disclosure [Line Items]

Schedule of A one percent point change in the assumed healthcare cost trend rate

	One Percent				One Percent
At December 31,	Increase				Decrease
(in millions)		2016		2015		2016		2015
U.S. plans	$	4	$	6	$	(3)	$	(4)
Non-U.S. plans	$	19	$	17	$	(14)	$	(12)

U.S. Postretirement Plans

Defined Benefit Plan Disclosure [Line Items]

Schedule of assumed health care cost trend rates

At December 31,	2016	2015
Following year:
Medical (before age 65)	6.31%	6.79%
Medical (age 65 and older)	5.00%	6.64%
Ultimate rate to which cost increase is assumed to decline	4.50%	4.50%
Year in which the ultimate trend rate is reached:
Medical (before age 65)	2038	2027
Medical (age 65 and older)	2038	2027